PolicyBetaKitabout 1 hour ago
Loon Clears Regulatory Hurdle for CADC Stablecoin
4 min read
Calgary-based Loon announced on Tuesday that it secured regulatory approval to issue its Canadian dollar-backed CADC stablecoin in Canada. The company received a final prospectus from the Ontario Securities Commission, marking a key step after acquiring the token from Paytrie in 2025. Since its 2021 launch, the stablecoin has facilitated over $1 billion CAD in transactions.
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